Cash Equities

The U.S. cash equities market saw a pullback in April, with total market Average Daily Volume (ADV) decreasing 12.99% month-over-month to 17.8 billion shares. Against this backdrop of declining volume, market share shifted toward off-exchange venues, which captured nearly half of all volume. Cboe EDGX® Equities Exchange (EDGX) stood out, increasing its market share to 4.5%. Within on-exchange trading, Cboe maintained a strong 21.0% market share.